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A Firm Faces the Demand for Its Product, ,As

Question 30

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A firm faces the demand for its product, A firm faces the demand for its product, ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. If the firm must set a uniform price for the good,what price will it set to maximize its profit in the long run? A) $12 B) $24 C) $25 D) $30 E) none of the above ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. A firm faces the demand for its product, ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. If the firm must set a uniform price for the good,what price will it set to maximize its profit in the long run? A) $12 B) $24 C) $25 D) $30 E) none of the above If the firm must set a uniform price for the good,what price will it set to maximize its profit in the long run?


A) $12
B) $24
C) $25
D) $30
E) none of the above

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